In cases of multi-story dwelling in low or moderate flood risk areas partial contect coverage for the basement and first floor levels may be all that is required. Where this is a concern an insurance agent or broker can advise homeowners on the type of policies as well as the coverage needed to properly insure their home and contents against flood damage.

If you are in a flood zone, flood insurance is one of the most important types of insurance to have for your home or your business. It provides safety to those elements and often is a requirement for mortgages on property in this type of an area.

Flood insurance is often an additional rider on your insurance policy. If you live in a specific area that is struck by flooding often, this may cost you a bit more than you may expect. Yet, the cost of the flood insurance is minimized by the risks that you face.